4,331 Shares in Zendesk Inc (ZEN) Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new stake in shares of Zendesk Inc (NYSE:ZEN) in the second quarter, HoldingsChannel.com reports. The firm acquired 4,331 shares of the software maker’s stock, valued at approximately $236,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Millennium Management LLC increased its stake in shares of Zendesk by 36.4% in the second quarter. Millennium Management LLC now owns 2,174,017 shares of the software maker’s stock valued at $118,462,000 after buying an additional 579,772 shares in the last quarter. Whale Rock Capital Management LLC increased its stake in shares of Zendesk by 11.5% in the second quarter. Whale Rock Capital Management LLC now owns 2,136,638 shares of the software maker’s stock valued at $116,425,000 after buying an additional 220,190 shares in the last quarter. Summit Trail Advisors LLC increased its stake in shares of Zendesk by 5,591.0% in the first quarter. Summit Trail Advisors LLC now owns 1,596,212 shares of the software maker’s stock valued at $1,596,000 after buying an additional 1,568,164 shares in the last quarter. Columbus Circle Investors increased its stake in shares of Zendesk by 24.9% in the second quarter. Columbus Circle Investors now owns 1,134,473 shares of the software maker’s stock valued at $61,817,000 after buying an additional 226,127 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Zendesk by 162.9% in the second quarter. Bank of America Corp DE now owns 1,080,019 shares of the software maker’s stock valued at $58,851,000 after buying an additional 669,269 shares in the last quarter. 92.20% of the stock is owned by institutional investors.

Shares of ZEN stock opened at $65.80 on Monday. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.74 and a quick ratio of 2.74. The stock has a market capitalization of $7.52 billion, a P/E ratio of -63.88 and a beta of 1.61. Zendesk Inc has a 12 month low of $28.81 and a 12 month high of $72.76.

Zendesk (NYSE:ZEN) last announced its quarterly earnings data on Tuesday, July 31st. The software maker reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.29. The firm had revenue of $141.88 million during the quarter, compared to analyst estimates of $137.96 million. Zendesk had a negative return on equity of 28.60% and a negative net margin of 23.24%. Equities analysts anticipate that Zendesk Inc will post -0.94 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on ZEN shares. Morgan Stanley raised their target price on Zendesk from $72.00 to $84.00 and gave the company an “overweight” rating in a research note on Tuesday, September 18th. Evercore ISI restated a “buy” rating and issued a $70.00 target price on shares of Zendesk in a research note on Sunday, August 5th. Wells Fargo & Co lowered their target price on Zendesk from $80.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday, August 1st. KeyCorp raised their target price on Zendesk from $58.00 to $71.00 and gave the company an “overweight” rating in a research note on Wednesday, August 1st. Finally, Stifel Nicolaus raised their target price on Zendesk from $60.00 to $68.00 and gave the company a “hold” rating in a research note on Tuesday, September 11th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $61.47.

In related news, Director Elizabeth A. Nelson sold 10,000 shares of Zendesk stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $70.42, for a total value of $704,200.00. Following the completion of the sale, the director now directly owns 40,983 shares in the company, valued at $2,886,022.86. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Elena Gomez sold 500 shares of Zendesk stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $67.20, for a total value of $33,600.00. Following the completion of the sale, the chief financial officer now owns 18,062 shares of the company’s stock, valued at $1,213,766.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 111,704 shares of company stock valued at $7,099,376. Corporate insiders own 4.70% of the company’s stock.

About Zendesk

Zendesk, Inc, a software development company, provides SaaS products for organizations. Its flagship product is Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels. The company also offers Zendesk Chat, a live chat software to connect with customers on Websites, in applications, and on mobile devices; Zendesk Talk, a cloud-based call center software; Zendesk Guide, a knowledge base that for customer self-service and support agent productivity; Zendesk Message, a customer messaging software; and Zendesk Explore that makes customer data accessible across an organization.

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Institutional Ownership by Quarter for Zendesk (NYSE:ZEN)

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